Q-Cells suffers sizeable Q1 losses
Falling foul to stagnating quarter one photovoltaic module demand, Q-Cells has reported a “significant” year-on-year sales drop. In response, it has adjusted the production of its cells and modules, and abandoned its guidance. But, while it believes it will recover in the second quarter, the analysts are less certain.
Conergy: First quarter sales increase; falling operating profits
Conergy has bucked the trend to post increased first quarter 2011 sales. However, its operating profits have taken a tumble.
SolarWorld on a US roll
Going against the grain, SolarWorld has experienced a lucrative first quarter, having seen increases in its shipments, revenue and EBIT. The company attributes its success to its U.S. business activities.
S.A.G. Solarstrom goes abroad to drive profit
International expansion and risk diversification have helped S.A.G. Solarstrom AG post strong first quarter figures including a 152 percent rise in sales, despite the overall uncertainty of the photovoltaics market.
Phoenix Solar to focus on rooftop PV after significant Q1 losses
Phoenix Solar has suffered significant revenue losses in the first quarter of 2011, with year-on-year figures falling 60 percent from 80.4 million to 32.4 million. There is belief the company will now focus more on the photovoltaics rooftop sector.
True cost of nuclear examined in new study
The German Renewable Energy Federation (BEE) has presented a study involving possible costs in the event that Germany abandons the use of nuclear energy.
Yingli also affected by slowing PV module market
Another casualty of the slowing photovoltaic module market, Yingli Green Energy Holding Company Limited has revised its first quarter shipping guidance downwards. The company has also lowered its gross margin expectations.
UK: CCC's "blinkered" PV view criticized
The UK Committee on Climate Change’s (CCC’s) new renewable energy report has met with dissatisfaction by photovoltaic industry stakeholders. A key criticism is related to pricing discrepancies. However, there is big potential in the future, with the deployment of 2.2 gigawatts per year a feasible goal in the 2020s. Imported solar power is also an option.
First Solar and CPINE form US-China PV partnership
First Solar, Inc. and China Power International New Energy Holding Limited have signed a strategic cooperation framework agreement, under which they will work on photovoltaic projects in China and the U.S.
Centrosolar expands export business; predicts strong second quarter growth
Having increased its export business from last year, Centrosolar says 72 percent of its 71.1 million first quarter revenue was generated outside of Germany. But, as with many solar companies, the companys year on year revenues decreased. Looking forward, it expects strong second quarter growth.
